How to Choose a Cloud Billing Platform - Slide 3

If you could get your product or service up and running within a few weeks, why wouldn’t you? By implementing a cloud billing platform, you can do exactly that – even if some customization is needed. Lower upfront and licensing costs, little to no capital investment and lower services costs provide big advantages for both startups and established companies looking to introduce new recurring revenue offerings.

According to a recent Incyte Group report, nearly half of all businesses in the United States currently have or are in the process of developing and/or investigating recurring revenue offerings. Unlike traditional business models, which are built around one-time transactions or upfront fees, recurring revenue offerings focus on smaller, ongoing, subscription-based transactions. As more companies develop these types of offerings, they are increasingly shifting from on-premise software to the cloud for a billing platform to monetize and manage their subscription-based products and services. Derek Choy, vice president of engineering for Aria Systems, offers the following tips for choosing a cloud billing system.